143 - How FinTechs Make Money

<p dir="ltr">FinTechs have multiple options for revenue generation, and in this episode, I am going to discuss some of the most common and easily understood revenue sources as well as some of the more complicated ones that tend to lead to pushback from regulators! </p> <p dir="ltr">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531">click here to review</a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[00:39] An overview of today’s topic: The different business models that FinTechs use to make money. </p> <p dir="ltr">[02:11] Examples of the types of fees that FinTechs charge. </p> <p dir="ltr">[04:31] How FinTechs can make money from proprietary trading. </p> <p dir="ltr">[04:57] Some of the FinTechs that offer subscriptions to generate revenue. </p> <p dir="ltr">[08:00] How FinTechs can make money through advertising revenue and affiliate commissions (and the criticism that this approach often receives). </p> <p dir="ltr">[11:49] The controversial practice of charging inactivity fees.  </p> <p dir="ltr">[12:45] How FinTechs can make money through investing customer balances and why this is a risky route to take. </p> <p dir="ltr">[14:11] My thoughts on why advertising revenue and commissions are problematic ways of making money for FinTechs.</p> <p dir="ltr">[17:03] Do you know of any other sources of revenue for FinTechs? </p> <p dir="ltr">[17:33] The benefits of investing in my FinTech Compliance Self-Starter Package! </p> <p><strong> </strong></p> <p dir="ltr"><strong>Show links:</strong></p> <ul> <li dir="ltr" style="font-weight: bold;